Tech investors are still interested in new digital deal ventures, apparently.
Kirkland-based Pirq – which delivers real-time, location-targeted restaurant deals to smartphones – just raised $1.95 million from Kirkland’s Rally Capital.
Chief Executive James Sun – who achieved fame as a contestant on “The Apprentice” – said the funding will be used to develop a new version of the product that adds a loyalty program for participating restaurants.
Pirq will also expand into more cities and hire additional developers. It currently has about 30 employees.
Sun said via email that the company pursued funding from investors across town, instead of investors from Silicon Valley, because of the local support and wireless industry knowledge offered by Rally.
Rally Capital is managed by Dennis Weibling, former chief executive of Nextel and former president of Craig McCaw’s Eagle River Investments.